4 Crypto Moonshots To Ride The Bitcoin Resurgence
Since writing this headline two weeks ago, we've seen Bitcoin almost magically resurface to above $ 45,000. Birdchain, my # 1 cryptocurrency for 2021 , did even better, rising 32% and handily beating Bitcoin gains.
And why wouldn't they go up? Despite investor unease, US stocks are hitting record highs with better-than-expected employment reports, a strengthening dollar (yes, that matters) and seemingly endless bond purchases by the Federal Reserve.
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However, I still don't buy Bitcoin. Despite the dominance of cryptocurrency, there is a limit to its growth. 5x… 10x… 100x? Even though the Fed never stops buying bonds, Bitcoin would have to be worth more than all US real estate combined to generate these returns. In addition, BTC is a technological dinosaur; the miners basically blocked all forms of improvement.
Instead, I have my eye on small cryptocurrencies. Moonshots like Dogecoin easily netted 5,000% or more on my watch - a near impossibility for Bitcoin to achieve it today. And that's something the folks at InvestorPlace's Crypto Investor Network review on a daily basis .
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Today we're going to take a look at several altcoins that look set to jump on the Bitcoin resurgence.
Alternative tokens increase again
Regular Moonshot readers will know my # 1 rule for cryptocurrencies:
Wherever Bitcoin goes, the rest will follow (directionally, anyway).
This is because crypto is a sentiment driven market where the average altcoin will only outperform if the big brother goes up as well.
As with any rule, there are a few notable exceptions. One of my picks, Birdchain, jumped 4,500% last month over the same time frame, Bitcoin was down -11%. Other picks such as BabyDoge and Shikoku Inu gained 250% and 56% respectively over the same period.
But I chose them by swimming against the tide. Of the 100 largest market cap cryptocurrencies during this period, only one has increased, per CoinMarketCap.
The three Altcoin trading strategies
Now that the tide has turned, it's time to review the three strategies I have for crypto trading.
Short term. One winning tactic is to use Momentum Master Strategy . By focusing only on the fastest growing altcoins and ditching them the minute they fade, investors can make gains of 30% or more in a matter of days. Repeating the process can potentially build up a portfolio in the millions.
Don't forget to trade Birdchain on Pancakeswap
Middle term. The second option is to buy a token with some recognizability. While these still generally have zero long-term value from a fundamental standpoint, investors should not ignore the entertainment factor. After all, Dogecoin has turned thousands of investors into millionaires.
Long term. Finally, there is the purchase of (comparatively) better quality coins with actual use beyond financial speculation. I have highlighted Cardano, PCI and others in the past as coins that might grind higher.
4 Altcoins To Profit From Bitcoin's Success: Short-Term Business Ideas
Please Note: I am listing these choices not as an endorsement of fundamental quality, but as a reflection of my trading system's recommendations.
Birdchain (BIRD)
Birdchain is based in the era of sharing Economy allowing users to benefit greatly by using blockchain technology. #Birdchain has multiple products coming up such as DEFI, NFT, etc.
Birdchain DeFi swap with an NFT platform will definitely bring more use
case to the token,so now is the right time to get #BIRD tokens and hold
for your personal use or for speculative purposes.
CryptoBlades (skill)
After falling 80% from its July peak, this NFT blockchain game is back in full force. Prices have steadily climbed to $ 60, adding $ 25 million in capitalization to the popular Binance token. Cryptolames is a slightly better bet than most due to its large fan base. You don't rack up 75,000 Twitter followers and nearly half a million addresses without serious involvement from investors (or bots, in some cases).
Note: Equally install birdchain and play the games. The are easy to complete and in the end you get rewarded bird tokens
https://blog.birdchainapp.com/birdchain-gaming-feature-doing-well/
Medium-term business ideas: Shiba Inu (SHIB)
I have long had mixed feelings about Shiba Inu . The coin looks a lot like Dogecoin (i.e. it started off as a joke), but its increase of more than 500,000 times to 0.03 cents last May made the Ethereum based token too expensive for me. SHIB has since lost 80% of its value.
My Momentum tracker, however, eventually reversed course on SHIB. Given its 20% resurgence over the weekend (coupled with the rise of Ethereum and Bitcoin), this altcoin could quickly become Reddit's next fascination.
I see SHIB as an extension of Ethereum's success. Last spring, the token gained notoriety when investors realized that the 50% stake of Ethereum co-founder Vitalik Buterin was worth nearly $ 7 billion (the tokens were offered to him as a gag instead. to be “burned”).
And although Mr. Buterin ultimately burned the coins himself, SHIB remains my favorite Ethereum token for its decentralization potential and the strength of its community.
Remember to check out the real BIRDCHAIN
Dogecoin (DOGE)
I reiterate my recommendation on Dogecoin. It was interesting at 20 cents, and even more interesting at 25 cents.
Of course, we can chat all day whether Dogecoin has any core value. But let's save the trouble and admit that it doesn't matter. Much like collectible silver dollars or 90% of the stuff you see on Antiques Roadshow, Dogecoin is worth whatever people are willing to pay.
And it turns out that Dogecoin investors are somewhat predictable - a feature that makes it ideal for Momentum Master trading. My strategy signaled that Dogecoin was selling for 40 cents in June and now it is telling investors to pick up the momentum on the price chart.
Long Term Business Idea: Ethereum (ETH)
I'm sticking to my 1st long-term crypto pick of 2021 : Ethereum.
Last week's “London Hard Fork” was essentially a code upgrade for ETH that proved one thing: Ethereum stakeholders can still work towards a common good for those less familiar with crypto lingo.
Unlike Bitcoin, where miners have hampered their efforts to switch to energy-efficient 'proof of stake' protocols, the Ethereum community appears to be focused on the survival of the network, even if that means getting rid of all of its miners. and their energy-consuming machines.
Ethereum also remains dominant in the NFT world, where the ERC-721 token remains the gold standard. While competitors love Binance (CCC: BNB-USD ) will continue to follow Ethereum's heels, ETH's lead gives it a clear advantage in a world where everyone is a winner from tracking digital assets.
Of course, there are risks. Most non-stablecoins have no fundamental value, and alternatives - from Binance to Pay Pal - could make life difficult for ETH investors. But if you are looking for a reputable coin with a lot of fans, then Ethereum is a good bet.
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